Anything Blockchain

by Greg RiebenDecember 07, 2017

I tweeted this back in November...

By the time you read this the price of Bitcoin could be $20,000 or $10,000 your guess is as good as mine...

In the much more tangible space of oil and gas it seems that very few are interested in putting money to work in this sector. Maybe it's just a sign of the times as the blockchain and crypto space are getting all the attention these days.

Crude oil had a very nice run over the last two months moving from the high to mid $40's to the high $50's and the stocks didn't care. There was a small bounce in the most widely covered names but for the most part no rally worth talking about took place.

I won't bore you with another chart comparing Bitcoin to something, especially not to oil and gas stocks. But these stocks continues to lag pretty much every other sector/market on the planet and by a significant amount.

Here is a look at the performance of Canadian oil and gas stocks represented byXEG.TO to the TSX, S&P 500 and the stock markets of India, China, Africa, Russia and Chile...